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AirAsia looks to consolidate units under “One AirAsia” plan

25 Jul 2017 14:49:57

marketing-interactive.com

AirAsia’s group CEO, Tony Fernandes (pictured), has announced his intention to consolidate the airline’s Southeast Asian units under one list holding company.


Known as the “One AirAsia” plan, AirAsia plans to unify its units in Malaysia, Indonesia, the Philippines and Thailand, as well as go public in two years’ time, according to Bernama. Fernandes said the airline’s group deputy CEO Rozman Omar, is “working hard” to create the group company and that the corporate structure exercise requires plenty of effort.


This is due to the fact that AirAsia has to persuade the Malaysian, Indonesian, Philippine and Thai governments to change ownership rules. He added that having a listed holding company within AirAsia is “working really well” as the airline is reducing costs, combining its services and standardising its products.


Read full story: marketing-interactive.com

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